We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
NatWest Mortgages post valution
s03jlord1
Posts: 8 Forumite
Hi, FTB here.
Has anyone have any experience in successful Natwest mortgages?
I am a first time buyer, last month i applied for a 65% LTV mortgage with Natwest over the maximum term. I promptly received an AIP and was asked to pay £360 for a house valuation. 48 hours later i was contacted by an underwriters assistant(?) to tell me the valuation had been cancelled and my application was declined due to adverse findings on my equifax credit file.
I knew nothing of this , so checked my equifax and discovered a default from 2013 still active on my account. Long story short i lodged a dispute and the default was subsequently deleted! I then went back to Natwest with new proof and a written letter seeking to overturn their original decision. Luckily for me my case was re evaluated by a really nice lady who looked at the whole picture and approved my mortgage application "pending house valuation".
Today i paid the valuation fee again and escalated it with L&G who have promptly requested access on Tuesday Morning.
Assuming that goes through okay - is that the last piece of the puzzle for offering me a mortgage formally? Do they check anything else? I'm so nervous on the outcome as this has been a very stressfull month... not to mention the delay has taken us over our reservarion period on the house and the developer is keener than us to know the outcome or he will be forced to remarket the house and we lose our dream home.
Sorry if this has been mentioned elsewhere, im just super nervous , especially as i can imagine all eyes are on my application due to it being an over turned decision which i hear is pretty rare. Thanks!
Has anyone have any experience in successful Natwest mortgages?
I am a first time buyer, last month i applied for a 65% LTV mortgage with Natwest over the maximum term. I promptly received an AIP and was asked to pay £360 for a house valuation. 48 hours later i was contacted by an underwriters assistant(?) to tell me the valuation had been cancelled and my application was declined due to adverse findings on my equifax credit file.
I knew nothing of this , so checked my equifax and discovered a default from 2013 still active on my account. Long story short i lodged a dispute and the default was subsequently deleted! I then went back to Natwest with new proof and a written letter seeking to overturn their original decision. Luckily for me my case was re evaluated by a really nice lady who looked at the whole picture and approved my mortgage application "pending house valuation".
Today i paid the valuation fee again and escalated it with L&G who have promptly requested access on Tuesday Morning.
Assuming that goes through okay - is that the last piece of the puzzle for offering me a mortgage formally? Do they check anything else? I'm so nervous on the outcome as this has been a very stressfull month... not to mention the delay has taken us over our reservarion period on the house and the developer is keener than us to know the outcome or he will be forced to remarket the house and we lose our dream home.
Sorry if this has been mentioned elsewhere, im just super nervous , especially as i can imagine all eyes are on my application due to it being an over turned decision which i hear is pretty rare. Thanks!
0
Comments
-
Generally that is the last step. They could decide to have it looked up by an underwriter or you could be the lucky one chosen to be audited, but I think most people’s experiences are that they get a mortgage offer quite quickly after a successful valuation. I had my valuation done on the 14th of March and a mortgage offer was received by my broker the same day.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards